Coastal Real Estate Guide January 18, 2013 : Page 1

FROM THE PUBLISHERS OF ReaL estate guide coastalrealestateguideoc.com | Serving Laguna Beach & Newport Beach Communities jaNUaRy 18, 2013 | VOL. 3, ISSUE 3 CoastaL “Our Town-Our Paper” Craftsman Bungalow on a Huge Lot Breathtaking custom one-story estate on a huge lot between Promontory and Beacon Bays. This extraordinary craftsman bungalow is located on a 15,000+ square foot corner lot across the street from the entrance to Beacon Bay & Harbor Island. The main home has a wonderful living/great room with a marvelous chef ’s granite kitchen w/Thermador Professional Range & large, elegant dining area. There are four bedrooms including a spectacular master suite, a fifth bedroom or den, & four baths. A fabulous separate, attached one bedroom casita/ guest house has its own marble countered kitchenette, fireplace, and deluxe bath. There is also a 3-car garage w/epoxy finished floor and large attic storage space. The outside of the home is a virtual paradise with a heated salt water pool w/slide, spa, beautiful koi pond, putting green, covered loggia with barbecue, and fireplace. The entire home was completely rebuilt in 2008 and is a one-of-a-kind estate and entertainer’s dream home at the beach! Offering Price: $3,695,000 Address: 140 Harbor Island Rd Agents: Abrams Coastal Properties, 714.325.9055, 315 Marine Ave. Balboa Island Ca featured PrOPertY: NewPOrt Beach Cost savings on Winter Heating By Gina Dostler Keeping the winter shivers at bay takes energy, so now is a great time to think about how to integrate cost savings into the home so utility bills won’t come as a shock at the end of the month. John Hopton IV of Family Heat and Air Inc. is the third generation to take up the family business in heating and air conditioning. His grandfather set up shop in 1960 with his father. Hopton provided some insight on how to keep a warm home with energy savings in mind. Q: Where is a good place to start? A: Since the heater is the first thing to switch on in cold weather, taking a look at the furnace is a good start. An old furnace, say at least 20 years old is about 60% efficient. Giving the old furnace the boot and installing a new one can give you CONTINUED ON PaGE 2 john Hopton IV ONe ON ONe with JOhN hOPtON iV NEW LISTINGS/HOMES IN ESCROW-CLOSED Culled from the Multiple Listing Service (MLS), what follows is a count of newly listed homes for sale for the two-week period beginning Dec. 31 and ending Jan. 14. There are 36 new listings in Newport Beach, the highest of which is listed at $14.9 million, and the lowest of which is $229,500. Meanwhile, there are 21 listings in Laguna Beach, the highest of which is listed at $19 million, and the lowest of which is $535,000. Additionally, the MLS revealed the number of homes going into escrow and/or those closed during the same time period, categorized as either ‘backup offer,’ ‘pending sale,’ or ‘closed sale.’ There were 33 homes of this nature in Newport Beach and 12 likewise in Laguna Beach. Certain homes have been identified by the MLS as being ‘short sale offer submitted,’ ‘short sale/subject to lender approval,’ ‘in the foreclosure process,’ ‘notice of default,’ ‘REO/Lender-owned,’ or ‘REO Offer(s) submitted.’ There were 42 homes classified this way in Newport Beach and 19 in Laguna. These homes are currently either active listings, accepting backup offers, or pending sales. Data provided by Holly Schwartz of Costa Mesa’s Torelli Realty CREG_1-18.indd 1 1/21/13 9:06 AM